Focus Partners Wealth Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Focus Partners Wealth purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,979 shares of the company’s stock, valued at approximately $1,441,000.

A number of other large investors have also added to or reduced their stakes in SMCI. G2 Investment Partners Management LLC lifted its position in Super Micro Computer by 298.3% during the fourth quarter. G2 Investment Partners Management LLC now owns 42,916 shares of the company’s stock valued at $1,308,000 after buying an additional 32,140 shares during the period. Ethic Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $235,000. Ensign Peak Advisors Inc raised its holdings in shares of Super Micro Computer by 1,447.1% during the fourth quarter. Ensign Peak Advisors Inc now owns 457,050 shares of the company’s stock valued at $13,931,000 after purchasing an additional 427,507 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $6,050,000. Finally, Family Management Corp bought a new stake in Super Micro Computer during the fourth quarter valued at approximately $610,000. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SMCI. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Rosenblatt Securities dropped their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, KGI Securities initiated coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.25.

Super Micro Computer Trading Up 5.0%

NASDAQ SMCI opened at $46.15 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $27.54 billion, a P/E ratio of 23.17 and a beta of 1.36. The firm’s 50-day moving average is $35.68 and its two-hundred day moving average is $35.06. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last three months. Insiders own 17.60% of the company’s stock.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.